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Listed AgriNurture raises P320M from sale of shares.
Byline: Neil Jerome C. Morales
AgriNurture, Inc., the only agriculture firm listed on the local bourse, will secure P320 million from foreign investors by selling shares, the firm said in a disclosure yesterday.
"Gem Global Yield Fund, Ltd. and Southern Field, Ltd. have subscribed [to] 9.3 million and 4.031 million primary common shares of AgriNurture, Inc. respectively, at P24.015 per share thereby infusing fresh capital to the company," AgriNurture said.
In separate deals, AgriNurture said Southern Field, a Virgin Islands firm, would pay P96.824 million while United Kingdom-based investment firm Gem Global would pay P223.339 million.
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